Moody's lowers Autovia del Camino

Moody's Investors Service said it downgraded Autovia del Camino SA's (ProjectCo) €175 million senior secured loan provided by the European Investment Bank maturing in 2029 and €145 million senior secured commercial bank loan maturing in 2030 to Ba2 from Ba1.

The outlook remains negative.

The downgrades reflect deterioration in the company's financial metrics and are not linked to the recent change to stable from negative of the outlook on Spain's government bond rating, Moody's said.

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